Star Diamond acquires Buffalo Hills project in Alberta
Located approximately 400 kilometres northwest of Edmonton, the Buffalo Hills project includes 21 mineral leases covering 4,800 hectares.
Rockwell Diamonds posted a loss of $5.3 million for the fiscal year ending February 28, 2011. The decreased loss comes as revenues increased by 43% to $43.5 million.
Part of Rockwell’s improved revenues is attributed to rising rough diamond prices in the global market. The miner’s average price grew by 35% to $1,365 p/c.